Online publishing company Cyberplex reported its financial results for the fiscal year and fourth quarter-ended December 31, 2011 last week.  The company reported a total revenue for the year was $55.5 million a decrease from the $106.9 million recorded in 2010, and the adjusted EBITDA for the year was $1.1 million as compared to $4.7 million for the prior year.  The company had to pay a fine of $4.8 million to Yahoo! due to some bad quality traffic through a sub-company Tsavo Media back in February of this year which has had an impact on their quarterly earnings.

Cyberplex Q4 2011 Result Highlights:

  • The Company generated revenue of $9.9 million, a 40% decline from the $16.6 million recorded in the previous quarter
  • Non-Tsavo divisions produced their second consecutive quarter of sequential growth, increasing revenues in the fourth quarter by 29%.
  • Net loss for the quarter was $4.6 million compared to a net income of $1.0 million in the previous quarter
  • Cash flow from operations generated $5.0 million in cash for the twelve months ended December 31, 2011, as compared to $7.3 million for the same period in 2010

Tsavo Founder Ted Hastings also resigned due to the scandal back in February.

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Dave Forde

Dave “The Connector” Forde has been involved in the technology industry across Canada for over 10 years in sales and marketing roles, he launched PR In Canada, and on Profectio.